10 December 2018 (Updated at 13:15) Harmonised Labour Cost Index (HLCI). Base 2012 Third quarter 2018. Provisional data The quarterly variation of the cost per hour worked is 0.9%, after adjusting for seasonal and calendar effects The cost per hour worked increases 2.4% in the annual rate in the series adjusted for calendar and seasonal effects, and 2.6% in the original series Quarterly variation of the Index The quarterly variation of the HLCI which measures the labour cost per hour worked maintaining the structure by branches of activity between the third quarter and the second quarter of 2018, after adjusting for seasonal and calendar effects, was 0.9%. Labour Cost Index adjusted for seasonal and calendar effects Quaterly rate. Percentage 1.1 0.9 0.6 0.0 0.0 0.0 0.1 0.1 0.4 0.1 0.3-0.3-0.1-0.1-0.4 IV I II III IV I II III IV I II III IV I II III 2014 2015 2016 2017 2018 HLCI. Base 2012 - Third quarter 2018 (1/6)
Without taking into account the seasonal and calendar adjustment, the quarterly rate was 8.1%, mainly due to the lower number of hours worked during the holiday period in the third quarter of 2018 as compared to the previous quarter. By cost components, after adjusting for seasonal and calendar effects, the cost of wages rose by 0.8% and other costs by 1.0%. Harmonised Labour Cost Index in the third quarter 2018 Index and quarterly rates by cost components General Index Index adjusted for seasonal and calendar effects Index Rate Index Rate Total labour cost 108.5 8.1 104.8 0.9 Wages 108.0 6.2 105.4 0.8 Other costs 110.1 13.8 103.0 1.0 Labour costs excluding extraordinary and late payments 111.5 13.2 104.2 0.7 Annual variation of the Index The cost per hour worked increased by 2.6% in the third quarter of 2018, as compared with the same period of the previous year. The annual variation of the cost per hour was 2.4%, after adjusting for seasonal and calendar effects. Variation of the general index and index adjusted for seasonal and calendar effects Annual rate. Percentage 3.9 4.0 4.2 0.2 0.3-0.8 2.7 3.3 2.2 0.3 0.6-0.3 0.9 1.5 1.1 0.4 0.2 0.3-0.7-1.6 0.4 0.2 1.3-0.3 3.1 1.8 1.0 0.7-0.1 0.1 1.2 1.6 0.1 0.0 1.2 2.4 2.6 1.1-3.1-3.4-2.3-3.1-1.9-3.8 III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III 2012 2013 2014 2015 2016 2017 2018 General Index Index adjusted for seasonal and calendar effects By cost components, wage cost increased by 2.3% in the annual rate in adjusted data and other costs increased by 2.5%. HLCI. Base 2012 - Third quarter 2018 (2/6)
Harmonised Labour Cost Index in the third quarter 2018 Index and annual rates by cost components General Index Index adjusted for seasonal and calendar effects Index Rate Index Rate Total labour cost 108.5 2.6 104.8 2.4 Wages 108.0 2.7 105.4 2.3 Other costs 110.1 2.4 103.0 2.5 Labour costs excluding extraordinary and late payments 111.5 2.2 104.2 2.2 Results by activity sections The branch of activities that recorded the greatest annual increases in labour costs in the third quarter of 2018 were Financial and insurance activities (5.5%), Professional, scientific and technical activities 5.0% and Wholesale and retail trade; repair of motor vehicles and motorcycles (4.5%). On the other hand, the lowest variations were found in Mining and quarrying (-11.1%), Education (-0.9%) and Arts, entertainment and recreation (0.7%). The decrease in Mining and quarrying was mainly due to the decrease in other costs. Harmonised Labour Cost Index in the third quarter 2018 by activity sections General index and index adjusted for seasonal and calendar effects General Adjusted for Adjusted for seasonal calendar effects and calendar effects Index 2 Rate 1 Index 2 Rate 1 Index 2 Rate 1 TOTAL 108.5 2.6 108.6 2.8 104.8 2.4 B. Mining and quarrying industries 98.2-11.1 98.3-11.1 101.9-9.3 C. Manufacturing industries 110.1 2.7 110.0 2.8 104.3 2.4 D. Electricity, gas, steam and air conditioning supply 96.5 1.3 96.2 1.3 100.2 1.9 E. Water supply, waste management and remediation activities 110.2 2.9 110.3 3.4 108.3 3.3 F. Construction 96.5 0.8 96.6 1.0 96.1 0.8 Wholesale and retail trade, repair of motor vehicles and motorcycles 104.8 4.5 104.7 4.5 103.8 4.3 H. Transport and storage 103.7 1.3 104.0 1.5 102.8 1.5 I. Accommodation 104.9 2.8 104.9 2.8 106.2 2.8 J. Information and communications 111.1 3.5 111.1 3.6 104.0 3.8 K. Financial and insurance activities 112.0 5.5 112.2 5.3 109.5 5.2 L. Real state activities 112.1 2.8 112.2 3.0 108.7 2.1 M. Professional, scientific and technical activities 115.1 5.0 115.1 5.1 108.7 5.2 N. Administrative and support services activities 105.9 1.9 106.1 2.0 104.1 1.6 O. Public Administration and defence, compulsory Social Security 112.3 2.4 112.2 2.7 110.3 1.0 P. Education 114.6-0.9 114.2 99.7 Q. Health and social services activities 110.2 0.8 110.6 0.8 104.4 0.8 R. Arts, entertainment and recreation 101.7 0.7 101.7 0.9 102.4 0.9 S. Other services 103.6 4.4 103.6 4.5 99.7 4.4 1 As compared to the same quarter of the previous year 2 Base year 2012 After adjusting for seasonal and calendar effects, the activities that presented the highest annual rates were Financial and insurance activities (5.2%), Professional, scientific and technical activities 5.2% and Other service activities (4.4%). In turn, Mining and quarrying (-9.3%), Education () and Human health and social work activities (0.8%) registered the lowest adjusted annual rates. HLCI. Base 2012 - Third quarter 2018 (3/6)
Index adjusted for seasonal and calendar effects. Activity sections Third quarter 2018. Annual rate. Percentage -9.3 4.4 4.3 3.8 3.3 2.8 2.4 2.4 2.1 1.9 1.6 1.5 1.0 0.9 0.8 0.8 5.2 5.2 K. Financial and insurance M. Professional, scientific S. Other services Wholesale and retail J. Information and communications E. Water supply, waste management I. Accommodation C. Manufacturing industries Total activities L. Real state activities D. Electricity, gas, steam N. Administrative and support H. Transport and storage O. Public Administration R. Arts, entertainment and F. Construction Q. Health and social services P. Education B. Mining and quarrying Results by activity sections and cost components. Original series The activity sections that recorded the greatest annual increases in wage costs in the third quarter of 2018 were Financial and insurance activities (8.0%), Professional, scientific and technical activities (5.3%) and Wholesale and retail trade; repair of motor vehicles and motorcycles (4.2%). On the other hand, the lowest variations were found in Mining and quarrying (-4.7%), Education (-0.9%) and Arts, entertainment and recreation (%). As regards other costs, the greatest annual increases were recorded in Other service activities (8.6%), Wholesale and retail trade; repair of motor vehicles and motorcycles (5.3%) and Real estate activities (4.9%). Mining and quarrying (-24.3%), Financial and insurance activities (-1.7%) and Electricity, gas, steam and air conditioning supply (-1.4%) showed the lowest rates. The decrease in Mining and quarrying was mainly due to the decrease in severance payments in this economic activity. HLCI. Base 2012 - Third quarter 2018 (4/6)
Harmonised Labour Cost Index in the third quarter 2018 by activity sections Index by cost components Wages Other costs Labour costs excluding extraordinary and late payments Index 2 Rate 1 Index 2 Rate 1 Index 2 Rate 1 TOTAL 108.0 2.7 110.1 2.4 111.5 2.2 B. Mining and quarrying industries 95.1-4.7 107.3-24.3 107.5-11.1 C. Manufacturing industries 110.3 2.3 109.7 3.7 113.0 2.7 D. Electricity, gas, steam and air conditioning supply 95.6 2.1 99.7-1.4 107.5 1.5 E. Water supply, waste management and remediation activities 108.2 2.7 115.2 3.4 114.5 2.9 F. Construction 96.9 1.3 95.7-0.4 101.3 0.7 Wholesale and retail trade, repair of motor vehicles and motorcycles 104.3 4.2 106.2 5.3 108.3 4.2 H. Transport and storage 101.8 0.7 108.5 2.7 105.6 1.6 I. Accommodation 105.0 2.8 104.8 2.8 107.2 2.7 J. Information and communications 112.5 4.2 106.9 1.2 112.4 1.6 K. Financial and insurance activities 108.2 8.0 125.3-1.7 123.4 1.8 L. Real state activities 110.3 2.1 117.7 4.9 116.1 3.2 M. Professional, scientific and technical activities 117.8 5.3 107.2 3.8 115.8 3.9 N. Administrative and support services activities 106.6 2.0 104.0 1.7 108.7 2.0 O. Public Administration and defence, compulsory Social Security 110.7 2.2 117.0 3.3 114.0 2.5 P. Education 113.4-0.9 118.4-1.0 118.3-0.9 Q. Health and social services activities 107.7 0.7 118.8 1.2 110.7 0.0 R. Arts, entertainment and recreation 103.1 97.8 1.4 105.2 1.1 S. Other services 102.8 2.9 106.1 8.6 106.4 4.2 1 As compared to the same quarter of the previous year 2 Base year 2012 Revision and updating of data Coinciding with today's publication, HLCI provisional data for the second quarter of 2018 have been updated. The final index stands at 100.4 points. The quarterly variation of the original series for that quarter stood at 2.5%, while that of the adjusted index was 0.3%. On the other hand, the annual rate of the original series was -1.9% and that for the index adjusted for seasonal and calendar effects, 1.1%. The results are available at INEBase. HLCI. Base 2012 - Third quarter 2018 (5/6)
Methodological note The Harmonised Labour Cost Index (HLCI) is a quarterly continuous statistical operation whose objective is to provide a common and comparable measure of labour cost per hour worked for the whole of the European Union, allowing the monitoring of the evolution of said labour costs. Indices with base 2012 are provided for total labour costs, wages and salaries and other costs net of subsidies received for the use of labour factor (includes social contributions payable by employers and non-wage payments). The index for total labour cost is also provided excluding extraordinary payments and delayed payments. Type of operation: Statistics presented mainly in the form of indices. Base year: 2012. Population scope: Employees in local units. Sources of information: The Quarterly Labour Cost Survey which is conducted on the basis of the Social Security contribution accounts. General Scheme: Sections B to S of CNAE-09 and Special Scheme for Seafarers: Sea Transport (Division 50 of CNAE-09). In order to cover all employees of the general government, information from the DARETRI file is used. Geographical scope: the entire national territory. Reference period of the results: the calendar quarter. Calculation method: Chained Laspeyres. For more information you can access the methodology at: https://www.ine.es/en/metodologia/t22/t2230211_en.htm And the standardised methodological report at: https://www.ine.es/dynt3/metadatos/en/respuestadatos.html?oe=30211 For further information see INEbase: www.ine.es/en/ Twitter: @es_ine All press releases at: www.ine.es/en/prensa/prensa_en.htm Press office: Telephone numbers: (+34) 91 583 93 63 /94 08 gprensa@ine.es Information Area: Telephone number: (+34) 91 583 91 00 www.ine.es/infoine/?l=1 HLCI. Base 2012 - Third quarter 2018 (6/6)
Harmonised Labour Cost Index (HLCI) General index and index by activities Third Quarter 2018 Base year 2012 Total labour cost. Original series National index Index 3 rd quarter(p) 1 Index 2 nd quarter(d) 1 Index Rate 2 Index Rate 2 GENERAL INDEX 108.5 2.6 100.4-1.9 B-E. Industry 109.4 2.4 99.0-2.2 B. Mining and quarrying industries 98.2-11.1 98.5-8.7 C. Manufacturing industries 110.1 2.7 98.4-2.3 D. Electricity, gas, steam and air conditioning supply 96.5 1.3 106.6 2.9 E. Water supply, waste management and remediation activities 110.2 2.9 102.5-1.5 F. Construction 96.5 0.8 95.1-2.5 G-J. Wholesale and retail trade, repair of motor vehicles and motorcycles; Transport and storage; Accommodation; Information and communications 105.5 3.4 99.5 0.2 Wholesale and retail trade, repair of motor vehicles and motorcycles 104.8 4.5 98.8-0.7 H. Transport and storage 103.7 1.3 100.3-0.4 I. Accommodation 104.9 2.8 103.4 2.0 J. Information and communications 111.1 3.5 96.4 1.6 K-N. Financial and insurance activities; Real state activities; Professional, scientific and technical activities; Administrative and support services activities 110.9 4.0 99.7 - K. Financial and insurance activities 112.0 5.5 100.6 2.4 L. Real state activities 112.1 2.8 102.7-1.4 M. Professional, scientific and technical activities 115.1 5.0 98.3-1.7 N. Administrative and support services activities 105.9 1.9 100.0-1.5 O-S. Administración Pública y Defensa; Seguridad Social obligatoria;educación; actividades sanitarias y de servicios sociales; actividades artísticas, recreativas y de entrenimiento; otros servicios 111.7 1.5 103.3-4.3 O. Public Administration and defence, compulsory Social Security 112.3 2.4 109.4-3.7 Education 114.6-0.9 94.9-7.4 Q. Health and social services activities 110.2 0.8 102.0-3.8 R. Arts, entertainment and recreation 101.7 0.7 100.3-0.8 S. Other services 103.6 4.4 92.7-1.3 1 P: provisional data - D: definitive data 2 As compared to the same quarter of the previous year THIRD QUARTER 2018 10th December 2018
Harmonised Labour Cost Index (HLCI) General index and index by activities Third Quarter 2018 Base year 2012 Wage cost. Original series National index Index 3 rd quarter(p) 1 Index 2 nd quarter(d) 1 Index Rate 2 Index Rate 2 GENERAL INDEX 108.0 2.7 101.7-2.1 B-E. Industry 109.3 2.2 10-2.2 B. Mining and quarrying industries 95.1-4.7 97.4-5.3 C. Manufacturing industries 110.3 2.3 100.0-2.4 D. Electricity, gas, steam and air conditioning supply 95.6 2.1 110.7 4.1 E. Water supply, waste management and remediation activities 108.2 2.7 102.3-2.2 F. Construction 96.9 1.3 98.3-2.0 G-J. Wholesale and retail trade, repair of motor vehicles and motorcycles; Transport and storage; Accommodation; Information and communications 105.1 3.3 100.0 0.1 Wholesale and retail trade, repair of motor vehicles and motorcycles 104.3 4.2 99.7-0.7 H. Transport and storage 101.8 0.7 99.1-1.5 I. Accommodation 105.0 2.8 104.2 2.0 J. Information and communications 112.5 4.2 97.3 2.4 K-N. Financial and insurance activities; Real state activities; Professional, scientific and technical activities; Administrative and support services activities 110.8 4.9 100.1-0.6 K. Financial and insurance activities 108.2 8.0 99.8 2.5 L. Real state activities 110.3 2.1 100.8-5.2 M. Professional, scientific and technical activities 117.8 5.3 100.2-2.1 N. Administrative and support services activities 106.6 2.0 100.8-1.4 O-S. Administración Pública y Defensa; Seguridad Social obligatoria;educación; actividades sanitarias y de servicios sociales; actividades artísticas, recreativas y de entrenimiento; otros servicios 110.1 1.3 105.1-4.7 O. Public Administration and defence, compulsory Social Security 110.7 2.2 112.6-4.0 Education 113.4-0.9 96.4-7.9 Q. Health and social services activities 107.7 0.7 102.3-4.1 R. Arts, entertainment and recreation 103.1 104.2-0.9 S. Other services 102.8 2.9 93.3-1.2 1 P: provisional data - D: definitive data 2 As compared to the same quarter of the previous year
Harmonised Labour Cost Index (HLCI) General index and index by activities Third Quarter 2018 Base year 2012 Other costs. Original series National index Index 3 rd quarter(p) 1 Index 2 nd quarter(d) 1 Index Rate 2 Index Rate 2 GENERAL INDEX 110.1 2.4 96.8-1.4 B-E. Industry 109.8 3.0 94.7-2.2 B. Mining and quarrying industries 107.3-24.3 101.7-17.4 C. Manufacturing industries 109.7 3.7 94.0-2.0 D. Electricity, gas, steam and air conditioning supply 99.7-1.4 92.0-1.8 E. Water supply, waste management and remediation activities 115.2 3.4 103.0 0.2 F. Construction 95.7-0.4 87.7-3.8 G-J. Wholesale and retail trade, repair of motor vehicles and motorcycles; Transport and storage; Accommodation; Information and communications 106.4 3.8 98.0 0.4 Wholesale and retail trade, repair of motor vehicles and motorcycles 106.2 5.3 96.1-0.7 H. Transport and storage 108.5 2.7 103.2 2.3 I. Accommodation 104.8 2.8 101.4 2.0 J. Information and communications 106.9 1.2 93.6-0.7 K-N. Financial and insurance activities; Real state activities; Professional, scientific and technical activities; Administrative and support services activities 111.2 1.3 98.3 0.1 K. Financial and insurance activities 125.3-1.7 103.2 1.9 L. Real state activities 117.7 4.9 108.8 11.5 M. Professional, scientific and technical activities 107.2 3.8 92.8-0.4 N. Administrative and support services activities 104.0 1.7 97.9-1.7 O-S. Administración Pública y Defensa; Seguridad Social obligatoria;educación; actividades sanitarias y de servicios sociales; actividades artísticas, recreativas y de entrenimiento; otros servicios 116.7 2.1 97.7-3.1 O. Public Administration and defence, compulsory Social Security 117.0 3.3 100.0-2.5 Education 118.4-1.0 90.7-5.8 Q. Health and social services activities 118.8 1.2 100.9-2.8 R. Arts, entertainment and recreation 97.8 1.4 89.7-0.3 S. Other services 106.1 8.6 91.3-1.7 1 P: provisional data - D: definitive data 2 As compared to the same quarter of the previous year
THIRD QUARTER 2018 10th December 2018 Harmonised Labour Cost Index (HLCI) General index and index by activities Third Quarter 2018 Base year 2012 Labour cost excluding extraordinary and late payments. Original series National index Index 3 rd quarter(p) 1 Index 2 nd quarter(d) 1 Index Rate 2 Index Rate 2 GENERAL INDEX 111.5 2.2 98.5-1.6 B-E. Industry 112.9 2.4 96.9-2.1 B. Mining and quarrying industries 107.5-11.1 96.3-9.2 C. Manufacturing industries 113.0 2.7 96.7-2.2 D. Electricity, gas, steam and air conditioning supply 107.5 1.5 95.1 0.7 E. Water supply, waste management and remediation activities 114.5 2.9 101.4-1.1 F. Construction 101.3 0.7 92.2-2.8 G-J. Wholesale and retail trade, repair of motor vehicles and motorcycles; Transport and storage; Accommodation; Information and communications 108.1 3.1 99.4 0.3 Wholesale and retail trade, repair of motor vehicles and motorcycles 108.3 4.2 98.6 - H. Transport and storage 105.6 1.6 98.1 0.9 I. Accommodation 107.2 2.7 103.8 1.4 J. Information and communications 112.4 1.6 98.6 1.1 K-N. Financial and insurance activities; Real state activities; Professional, scientific and technical activities; Administrative and support services activities 115.4 2.5 101.5-0.2 K. Financial and insurance activities 123.4 1.8 103.2 1.9 L. Real state activities 116.1 3.2 102.4 2.4 M. Professional, scientific and technical activities 115.8 3.9 99.7-0.9 N. Administrative and support services activities 108.7 2.0 101.4-1.4 O-S. Administración Pública y Defensa; Seguridad Social obligatoria;educación; actividades sanitarias y de servicios sociales; actividades artísticas, recreativas y de entrenimiento; otros servicios 113.5 1.4 97.9-3.6 O. Public Administration and defence, compulsory Social Security 114.0 2.5 105.2-3.3 Education 118.3-0.9 89.8-4.9 Q. Health and social services activities 110.7 0.0 93.2-3.4 R. Arts, entertainment and recreation 105.2 1.1 99.1 0.7 S. Other services 106.4 4.2 93.8-1.9 1 P: provisional data - D: definitive data 2 As compared to the same quarter of the previous year